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Funds Selection Team10 May 2024
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Overview

As economies transition towards normalcy, global inflationary pressures are converging towards central banks’ target ranges. Amidst this backdrop, policymakers advocate for a cautious approach, with Fed Chair Powell hinting that achieving the 2% inflation target may require additional time. With policymakers widely expected to hold rates steady, debate surrounding Federal Reserve action has shifted from how many Fed cuts to whether cuts will occur at all in 2024.

In such an environment, investors can consider gaining exposure to our high-quality fixed income fund range to stay in the sweet spot of 3 to 5 years duration and be well-positioned to capture opportunities while managing risks effectively.

So, what would be our top fund ideas within these spaces?

DBS CIO Liquid+
What are the key characteristics of this fund?

  • High credit quality and low duration portfolio for clients to seek shelter in a highly resilient portfolio while yielding more than cash.
  • Attractive yield >4% despite the relatively low risk profile of the fund.
  • Focuses on up-in-credit-quality selection, with only 5% allocation to high yield bonds currently to reduce credit volatility.

Schroder Global Credit Income +++
What are the key characteristics of this fund?

  • Global & multi-sector credit fund with a dynamic credit allocation for drawdown mitigation
  • Draws on Schroders’ global credit platform, in-depth credit research expertise and bespoke quantitative techniques
  • Differentiated themes-based approach to credit selection, fund offers a credible option for portfolio diversification

RobecoSAM SDG Credit Income ++++
What are the key characteristics of this fund?

  • Global credit portfolio with flexible allocation across Investment Grade, High Yield and Emerging market corporate credit.
  • Fund aims to optimize yield and income within a target volatility range of 2- 6%
  • Managed by Robeco, which has been at the forefront of sustainable investing. The fund is also aligned to the UN Sustainable Development Goals

PIMCO GIS Income ++++
What are the key characteristics of this fund?

  • Stable and sustainable Income with a flexible Multi-Sector Approach for Diversified sources of Income
  • Emphasis on Capital Preservation
  • PIMCO is a renowned Fixed Income Specialist with a strong Proven Track Record
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Note: All views expressed are current as at the stated date of publication
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Ho Tian Yee, DBS Lead Independent Director, Chairman of the Nominating Committee, Board of Director, and member of the Board Risk Management Committee and Executive Committee is a Board member/trustee of Fullerton Fund Management Co. Ltd as of 11th January 2022.
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DBS Bank Ltd may have published other investment recommendations in respect of the same securities / instruments recommended in this research report during the preceding 12 months. Please contact the analyst listed to view previous investment recommendations published by DBS Bank Ltd in the preceding 12 months.
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Additional Disclaimer if MSCI ESG Data is Used
MSCI ESG Research LLC and its affiliates make no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI ESG data contained herein. The MSCI ESG data may only be used for your internal use, may not be further redistributed or used as a basis for any financial products or indexes. None of the MSCI ESG data can in and of itself be used to determine which securities to buy or sell or when to buy or sell them.
While ESG is one of the important selection criteria DBS takes into consideration for investment products, the primary consideration for any investment is a sound investment case and potential for investment returns balanced against risks. In some instances, given limited alternatives and giving consideration to all relevant factors regarding the investment, we may select products that have ESG ratings of BB or lower, with such ratings disclosed to you.
 
 
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